For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Canara Bank for its Patiala Main branch in Patiala, Patiala, Punjab, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of Canara Bank located in Patiala or anywhere in Punjab can transfer funds instantly by using the correct IFSC Code CNRB0001087. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Canara Bank, Patiala Main, Patiala
Here are the main details that are associated with the IFSC Code CNRB0001087 of Canara Bank for its branch located in Patiala, within the district of Patiala in the state of Punjab.
| Particulars | Details |
|---|---|
| Bank | Canara Bank |
| IFSC Code | CNRB0001087 |
| Branch | Patiala Main |
| City | Patiala |
| District | Patiala |
| State | Punjab |
| Address | Plot No.2, Bank Square,, Chhoti Baradari,, Patiala147001 |
These details are important not only for users using online banking but also for businesses and individuals who use Canara Bank in Patiala for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code CNRB0001087 for the Patiala Main branch of Canara Bank is vital.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with Canara Bank located in Patiala Main, Patiala, Punjab, are allotted a unique IFSC like CNRB0001087 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Patiala.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Patiala and Patiala.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Canara Bank in Patiala Main reaches the right place, even though there are thousands of branches in Punjab and across India.
Format of the IFSC Code CNRB0001087
The format of the IFSC Code for banks, including Canara Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Canara Bank, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Patiala Main in Patiala.
For example, the IFSC Code CNRB0001087 of Canara Bank for the Patiala Main branch includes these elements, identifying the bank and the branch location in Patiala and Punjab accurately.
How to Find IFSC Code for Canara Bank?
To find the IFSC Code CNRB0001087 of Canara Bank for its Patiala Main branch located in Patiala, the following methods can help you out:
Cheque Book
The cheque book issued by Canara Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Canara Bank branches in Patiala and Patiala, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Canara Bank and go to the branch locator section. Then search for Patiala Main or Patiala to find the exact IFSC Code CNRB0001087.
Mobile Banking App
If you use Canara Bank's mobile app, you can check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India maintains an updated database of all IFSC codes. Searching for Canara Bank and Patiala will provide accurate information.
How to Use IFSC Code CNRB0001087 for Online Transfers?
Once you have the IFSC Code CNRB0001087 for the Patiala Main branch of Canara Bank in Patiala, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code CNRB0001087. Transfers are processed in batches. This is suitable for personal and business payments.
RTGS
Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. Requires the recipient's account details and Canara Bank IFSC Code CNRB0001087.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Canara Bank Patiala Main in Patiala may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Canara Bank in Patiala Main, here are some ways that you can get it:
- Check the bottom of your cheque leaf.
- Refer to the first page of your passbook.
- Visit the official Canara Bank website.
- Search the RBI portal.
If you know both IFSC and MICR codes, then it can help account holders in Patiala manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is CNRB0001087.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Plot No.2, Bank Square,, Chhoti Baradari,, Patiala147001 located in Patiala, Patiala, Punjab.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.